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Assume the following information for a company that produced 10,000 units during its first year of operations and sold 8,000 units Per Unit Per Year
Assume the following information for a company that produced 10,000 units during its first year of operations and sold 8,000 units Per Unit Per Year Direct materials $ 75 Direct labor $ 50 Variable manufacturing overhead $ 10 Fixed manufacturing overhead $300,000 If the company's absorption costing net operating Income during its first year of operations was $69.000, what was its variable costing net operating Income during its first year of operations? Multiple Choice $9.000 $109,000 $129.000 $29,000 Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Per Unit Per Year $200 $ 75 $ 50 $ 10 $ 8 $300,000 Using absorption costing, what is the company's gross margin? Multiple Choice $315.000 $285.000 $243.000 $273,000 Assume the following Information for a company that produced and sold 10,000 units during Year 1. It also produced 15,000 units and sold 12,000 units during Year 2, while producing 12,000 units and selling 15,000 units in year 3 Per Year Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Fixed selling and administrative expense Per Unit $240 $ 93 $ 62 $ 10 $ 11 $450,000 $250,000 Using variable costing, what is the net operating income for Year 3? Multiple Choice $710.000 $260,000 O $475.000 $425.000
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